A comment and promise made by former President Donald Trump on Tuesday received a lot of not-so-positive attention from the insurance industry.
“Your Automobile Insurance is up 73% — VOTE FOR TRUMP, I’LL CUT THAT NUMBER IN HALF!,” the current Republican candidate for president posted to the social media platform X.
Your Automobile Insurance is up 73% — VOTE FOR TRUMP, I’LL CUT THAT NUMBER IN HALF!
— Donald J. Trump (@realDonaldTrump) September 17, 2024
Putting aside for a moment the promise to cut premium increases, Trump’s reference to a 73% increase in auto insurance rates “seems to have no basis in fact—at least if one insists on using credible, verifiable sources of data,” said economist Robert Hartwig, a professor in the Moore School of B